Smartstop Self Storage REIT (NYSE:SMA) Director David Mueller Sells 425 Shares

Smartstop Self Storage REIT Inc (NYSE:SMA) Director David Mueller sold 425 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $32.05, for a total value of $13,621.25. Following the completion of the transaction, the director directly owned 4,215 shares in the company, valued at $135,090.75. This trade represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Stock Up 1.2%

Shares of Smartstop Self Storage REIT stock traded up $0.40 on Thursday, reaching $32.66. The company’s stock had a trading volume of 488,889 shares, compared to its average volume of 784,613. Smartstop Self Storage REIT Inc has a 52 week low of $29.41 and a 52 week high of $38.99. The firm’s fifty day simple moving average is $33.58 and its two-hundred day simple moving average is $32.43. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 64.04 and a beta of 0.49.

Smartstop Self Storage REIT (NYSE:SMA) last announced its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. The business had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Equities analysts anticipate that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current year.

Smartstop Self Storage REIT Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.1315 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is presently 319.61%.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its stake in shares of Smartstop Self Storage REIT by 61.4% in the second quarter. Allworth Financial LP now owns 1,788 shares of the healthcare company’s stock worth $58,000 after buying an additional 680 shares during the period. Assetmark Inc. grew its stake in shares of Smartstop Self Storage REIT by 68.0% during the 1st quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock valued at $52,000 after acquiring an additional 690 shares during the period. Strs Ohio grew its stake in shares of Smartstop Self Storage REIT by 0.7% during the 1st quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock valued at $3,155,000 after acquiring an additional 700 shares during the period. State of Wyoming increased its holdings in Smartstop Self Storage REIT by 9.2% in the 1st quarter. State of Wyoming now owns 8,783 shares of the healthcare company’s stock worth $266,000 after acquiring an additional 738 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its stake in Smartstop Self Storage REIT by 0.5% during the 1st quarter. Peregrine Capital Management LLC now owns 157,994 shares of the healthcare company’s stock worth $4,784,000 after acquiring an additional 813 shares during the period.

Wall Street Analysts Forecast Growth

SMA has been the topic of a number of research analyst reports. Raymond James Financial began coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective on the stock. BMO Capital Markets downgraded shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a research report on Thursday, August 27th. Robert W. Baird boosted their target price on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. National Bank Financial increased their price target on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc is a self-managed and fully integrated real estate investment trust focused on the ownership, operation, acquisition and development of self-storage properties. The company provides storage solutions for residential, commercial and vehicle-storage customers through facilities operating primarily under the SmartStop Self Storage brand.

SmartStop’s properties offer a range of unit sizes and features, including climate-controlled storage, drive-up access, month-to-month rental options, online leasing and payment services, and protection plans.